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DIGEST OF INTRODUCED BILL
Reassessment delay. Postpones the general reassessment of real property scheduled to begin July 1, 1999, to July 1, 2001 (effective for the March 1, 2003, assessments and property taxes payable in 2004). Requires the state board of tax commissioners to adopt the general reassessment rules before July 1, 2000. Legalizes the state board of tax commissioners' actions in delaying rule adoption after the Indiana supreme court rendered its opinion in the town of St. John case.